PT Perusahaan Gas Negara Tbk (OTCMKTS:PPAAF) Short Interest Down 100.0% in April

PT Perusahaan Gas Negara Tbk (OTCMKTS:PPAAF) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 1 shares, a drop of 100.0% from the April 15th total of 53,701 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ? days.

PT Perusahaan Gas Negara Tbk Stock Performance

PT Perusahaan Gas Negara Tbk stock opened at $0.13 on Tuesday. The business’s 50-day simple moving average is $0.13 and its 200-day simple moving average is $0.12. PT Perusahaan Gas Negara Tbk has a 52 week low of $0.09 and a 52 week high of $0.14.

PT Perusahaan Gas Negara Tbk Company Profile

PT Perusahaan Gas Negara Tbk (OTCMKTS: PPAAF) is Indonesia’s leading natural gas transportation and distribution company. As a state-controlled enterprise and subsidiary of PT Pertamina (Persero), PGN operates an extensive network of high-pressure transmission pipelines and low-pressure distribution systems. The company supplies natural gas to industrial, commercial and residential customers, while also providing related services such as gas metering, pipeline construction and maintenance, and the development of supporting gas infrastructure.

PGN’s core activities include the operation and expansion of gas transmission lines spanning thousands of kilometers across Java and Sumatra, as well as the management of underground gas storage facilities.